Gabelli Funds LLC raised its holdings in shares of EQT Corporation (NYSE:EQT) by 30.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,000 shares of the oil and gas producer’s stock after buying an additional 12,000 shares during the period. Gabelli Funds LLC’s holdings in EQT Corporation were worth $3,327,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. IFP Advisors Inc increased its holdings in EQT Corporation by 6.4% during the second quarter. IFP Advisors Inc now owns 4,108 shares of the oil and gas producer’s stock valued at $241,000 after buying an additional 247 shares during the last quarter. D.A. Davidson & CO. increased its holdings in EQT Corporation by 14.2% during the second quarter. D.A. Davidson & CO. now owns 5,801 shares of the oil and gas producer’s stock valued at $339,000 after buying an additional 721 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in EQT Corporation by 3.4% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 36,634 shares of the oil and gas producer’s stock valued at $2,146,000 after buying an additional 1,188 shares during the last quarter. BB&T Corp increased its stake in shares of EQT Corporation by 5.6% in the third quarter. BB&T Corp now owns 31,297 shares of the oil and gas producer’s stock worth $2,042,000 after purchasing an additional 1,673 shares in the last quarter. Finally, S&CO Inc. increased its stake in shares of EQT Corporation by 7.8% in the second quarter. S&CO Inc. now owns 25,095 shares of the oil and gas producer’s stock worth $1,470,000 after purchasing an additional 1,810 shares in the last quarter. 99.59% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on EQT shares. Cowen and Company reissued a “buy” rating and issued a $80.00 price objective on shares of EQT Corporation in a research note on Tuesday, September 12th. Jefferies Group LLC reissued a “hold” rating and issued a $66.00 price objective on shares of EQT Corporation in a research note on Tuesday, October 10th. Scotiabank set a $79.00 price objective on shares of EQT Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 22nd. BMO Capital Markets reissued a “buy” rating and issued a $75.00 price objective on shares of EQT Corporation in a research note on Friday, September 1st. Finally, Royal Bank Of Canada set a $79.00 price objective on shares of EQT Corporation and gave the stock a “hold” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. EQT Corporation currently has a consensus rating of “Buy” and a consensus target price of $78.09.

In other EQT Corporation news, Director A. Bray Jr. Cary acquired 406 shares of the stock in a transaction on Monday, October 2nd. The stock was acquired at an average price of $65.24 per share, for a total transaction of $26,487.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by company insiders.

EQT Corporation (EQT) opened at $64.58 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.60 and a current ratio of 0.60. EQT Corporation has a 12-month low of $49.63 and a 12-month high of $75.74. The firm has a market cap of $11,298.50, a price-to-earnings ratio of 74.92, a P/E/G ratio of 5.46 and a beta of 0.79.

EQT Corporation (NYSE:EQT) last released its quarterly earnings data on Thursday, October 26th. The oil and gas producer reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.17. EQT Corporation had a net margin of 1.39% and a return on equity of 1.61%. The business had revenue of $660.30 million during the quarter, compared to analyst estimates of $667.05 million. During the same quarter last year, the business earned ($0.26) earnings per share. EQT Corporation’s quarterly revenue was up 18.6% compared to the same quarter last year. analysts expect that EQT Corporation will post 0.8 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, November 9th. This represents a $0.12 annualized dividend and a yield of 0.19%. EQT Corporation’s dividend payout ratio (DPR) is currently 57.15%.

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About EQT Corporation

EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.

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Institutional Ownership by Quarter for EQT Corporation (NYSE:EQT)

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